business
As Trump Media scraps some businesses, it's doubling down on Truth Social and the president
Summary by The Odessa Editorial Desk · Byline on the source page: BERNARD CONDON, Associated Press , as published by Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar)
· August 11, 2026
· 1 min read
Photo: Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) · view original
Story provenance No corrections
Summary created by The Odessa Editorial Desk — automated, rule-governed Byline on source page BERNARD CONDON, Associated Press, as published by Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) Original story Read at the source Source published Aug 11, 2026 Indexed here Aug 11, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key takeaway The decision was announced during a conference call with investors.
A media company associated with the president is shifting its focus. After attempting to launch several new business lines, the company has decided to scale back its expansion efforts. The decision was announced during a conference call with investors.
It appears the company will be returning to its core businesses, including Truth Social. Further details about the company's plans and the implications of this decision are available from the source, but it is clear that the company is reevaluating its strategy after its previous efforts failed to yield the desired results.
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As published by Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) . The Odessa surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: August 11, 2026 ·
Source: Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) ·
Reading time: 1 min
Frequently asked about this story
What is this story about? A media company associated with the president is shifting its focus. After attempting to launch several new business lines, the company has decided to scale back its expansion efforts. The decision…
When was this published? This article was first published on August 11, 2026 by Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) and curated for The Odessa readers.
Who reported this story? This story was reported by BERNARD CONDON, Associated Press at Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar). To learn more about how The Odessa selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The Odessa, or browse our daily briefing and topic hubs .
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